Renaissance Technologies LLC Buys 1,288,497 Shares of WM Technology, Inc. (NASDAQ:MAPS)

Renaissance Technologies LLC grew its stake in shares of WM Technology, Inc. (NASDAQ:MAPS - Free Report) by 101.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,561,700 shares of the company's stock after buying an additional 1,288,497 shares during the period. Renaissance Technologies LLC owned approximately 1.68% of WM Technology worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAPS. Tidal Investments LLC raised its position in shares of WM Technology by 31.1% during the third quarter. Tidal Investments LLC now owns 3,516,406 shares of the company's stock worth $3,059,000 after purchasing an additional 834,551 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of WM Technology during the fourth quarter worth about $1,767,000. State Street Corp raised its position in shares of WM Technology by 4.6% during the third quarter. State Street Corp now owns 989,704 shares of the company's stock worth $861,000 after purchasing an additional 43,343 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of WM Technology by 53.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 657,768 shares of the company's stock worth $908,000 after purchasing an additional 229,949 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of WM Technology by 103.8% during the fourth quarter. JPMorgan Chase & Co. now owns 345,032 shares of the company's stock worth $476,000 after purchasing an additional 175,748 shares during the period. Institutional investors own 22.02% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reaffirmed a "buy" rating and set a $2.61 price target on shares of WM Technology in a research report on Tuesday, March 11th.

WM Technology Stock Performance

WM Technology stock traded up $0.04 during midday trading on Monday, reaching $1.18. The stock had a trading volume of 731,669 shares, compared to its average volume of 873,408. The firm's fifty day simple moving average is $1.19 and its 200-day simple moving average is $1.21. WM Technology, Inc. has a 1-year low of $0.70 and a 1-year high of $1.65. The stock has a market capitalization of $182.13 million, a P/E ratio of -39.32 and a beta of 1.08.

WM Technology (NASDAQ:MAPS - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The firm had revenue of $47.67 million during the quarter, compared to analyst estimates of $46.00 million.

WM Technology Company Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.